RATE Group | Bitcoin resumes the decline, major altcoins follow the lead
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Bitcoin resumes the decline, major altcoins follow the lead

22 May Bitcoin resumes the decline, major altcoins follow the lead

Posted at 01:24h in Cryptocurrency News by

  • Over 95% of all Bitcoin addresses have zero balances.
  • BTC/USD resumed the decline after a failed attempt to break above $9,500.

Bitcoin is by far the most popular cryptocurrency; however over 95% of Bitcoin addresses have zero balances, according to the recent report published by Glassnode.

The researches found out that Bitcoin outperforms other large digital assets in terms of daily active addresses. Also, the number of addresses holding over one coin reached a record high of 815,698 after the halving.

However there is a fly in the ointment as the researches pointed out that about 95% of 626 million Bitcoin addresses have zero balances, which brings into question the real growth rate of Bitcoin network.

Top-3 cryptocurrencies price updates

Bitcoin (BTC) has recovered from the intraday low of $9,208, however, the recovery bumped into resistance created by $9,500-$9,550 area reinforced by the lower line of the 4-hour Bollinger Band. At the time of writing,…

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